What changes on 03/01/2018
The text in force from 04/01/2011 compared with the text from 03/01/2018, which includes the changes made by Directive 2014/65/EU (MIFID II).
0 inserted
0 amended
152 deleted
0 moved
Read the act as of 03/01/2018 · other versions: 28/04/2006 · 21/09/2007 · 20/03/2008 · 04/01/2011
Outside any heading
- deleted Recital 1 last in force on the version of 04/01/2011
- deleted Recital 2 last in force on the version of 04/01/2011
- deleted Recital 3 last in force on the version of 04/01/2011
- deleted Recital 4 last in force on the version of 04/01/2011
- deleted Recital 5 last in force on the version of 04/01/2011
- deleted Recital 6 last in force on the version of 04/01/2011
- deleted Recital 7 last in force on the version of 04/01/2011
- deleted Recital 8 last in force on the version of 04/01/2011
- deleted Recital 9 last in force on the version of 04/01/2011
- deleted Recital 10 last in force on the version of 04/01/2011
- deleted Recital 11 last in force on the version of 04/01/2011
- deleted Recital 12 last in force on the version of 04/01/2011
- deleted Recital 13 last in force on the version of 04/01/2011
- deleted Recital 14 last in force on the version of 04/01/2011
- deleted Recital 15 last in force on the version of 04/01/2011
- deleted Recital 16 last in force on the version of 04/01/2011
- deleted Recital 17 last in force on the version of 04/01/2011
- deleted Recital 18 last in force on the version of 04/01/2011
- deleted Recital 19 last in force on the version of 04/01/2011
- deleted Recital 20 last in force on the version of 04/01/2011
- deleted Recital 21 last in force on the version of 04/01/2011
- deleted Recital 22 last in force on the version of 04/01/2011
- deleted Recital 23 last in force on the version of 04/01/2011
- deleted Recital 24 last in force on the version of 04/01/2011
- deleted Recital 25 last in force on the version of 04/01/2011
- deleted Recital 26 last in force on the version of 04/01/2011
- deleted Recital 27 last in force on the version of 04/01/2011
- deleted Recital 28 last in force on the version of 04/01/2011
- deleted Recital 29 last in force on the version of 04/01/2011
- deleted Recital 30 last in force on the version of 04/01/2011
- deleted Recital 31 last in force on the version of 04/01/2011
- deleted Recital 32 last in force on the version of 04/01/2011
- deleted Recital 33 last in force on the version of 04/01/2011
- deleted Recital 34 last in force on the version of 04/01/2011
- deleted Recital 35 last in force on the version of 04/01/2011
- deleted Recital 36 last in force on the version of 04/01/2011
- deleted Recital 37 last in force on the version of 04/01/2011
- deleted Recital 38 last in force on the version of 04/01/2011
- deleted Recital 39 last in force on the version of 04/01/2011
- deleted Recital 40 last in force on the version of 04/01/2011
- deleted Recital 41 last in force on the version of 04/01/2011
- deleted Recital 42 last in force on the version of 04/01/2011
- deleted Recital 43 last in force on the version of 04/01/2011
- deleted Recital 44 last in force on the version of 04/01/2011
- deleted Recital 45 last in force on the version of 04/01/2011
- deleted Recital 46 last in force on the version of 04/01/2011
- deleted Recital 47 last in force on the version of 04/01/2011
- deleted Recital 48 last in force on the version of 04/01/2011
- deleted Recital 49 last in force on the version of 04/01/2011
- deleted Recital 50 last in force on the version of 04/01/2011
- deleted Recital 51 last in force on the version of 04/01/2011
- deleted Recital 52 last in force on the version of 04/01/2011
- deleted Recital 53 last in force on the version of 04/01/2011
- deleted Recital 54 last in force on the version of 04/01/2011
- deleted Recital 55 last in force on the version of 04/01/2011
- deleted Recital 56 last in force on the version of 04/01/2011
- deleted Recital 57 last in force on the version of 04/01/2011
- deleted Recital 58 last in force on the version of 04/01/2011
- deleted Recital 59 last in force on the version of 04/01/2011
- deleted Recital 60 last in force on the version of 04/01/2011
- deleted Recital 61 last in force on the version of 04/01/2011
- deleted Recital 62 last in force on the version of 04/01/2011
- deleted Recital 63 last in force on the version of 04/01/2011
- deleted Recital 64 last in force on the version of 04/01/2011
- deleted Recital 65 last in force on the version of 04/01/2011
- deleted Recital 66 last in force on the version of 04/01/2011
- deleted Recital 67 last in force on the version of 04/01/2011
- deleted Recital 68 last in force on the version of 04/01/2011
- deleted Recital 69 last in force on the version of 04/01/2011
- deleted Recital 70 last in force on the version of 04/01/2011
- deleted Recital 71 last in force on the version of 04/01/2011
- deleted Preamble last in force on the version of 04/01/2011
- deleted Annex I - LIST OF SERVICES AND ACTIVITIES AND FINANCIAL INSTRUMENTS last in force on the version of 04/01/2011
- deleted Annex II - PROFESSIONAL CLIENTS FOR THE PURPOSE OF THIS DIRECTIVE last in force on the version of 04/01/2011
Title I
- deleted Article 1 - Scope last in force on the version of 04/01/2011
- deleted Article 2 - Exemptions last in force on the version of 04/01/2011
- deleted Article 3 - Optional exemptions last in force on the version of 04/01/2011
- deleted Article 4 - Definitions last in force on the version of 04/01/2011
Title II › Chapter I
- deleted Article 5 - Requirement for authorisation last in force on the version of 04/01/2011
- deleted Article 6 - Scope of authorisation last in force on the version of 04/01/2011
- deleted Article 7 - Procedures for granting and refusing requests for authorisation last in force on the version of 04/01/2011
- deleted Article 8 - Withdrawal of authorisations last in force on the version of 04/01/2011
- deleted Article 9 - Persons who effectively direct the business last in force on the version of 04/01/2011
- deleted Article 10 - Shareholders and members with qualifying holdings last in force on the version of 04/01/2011
- deleted Article 10a last in force on the version of 04/01/2011
- deleted Article 10b - Assessment last in force on the version of 04/01/2011
- deleted Article 11 - Membership of an authorised Investor Compensation Scheme last in force on the version of 04/01/2011
- deleted Article 12 - Initial capital endowment last in force on the version of 04/01/2011
- deleted Article 13 - Organisational requirements last in force on the version of 04/01/2011
- deleted Article 14 - Trading process and finalisation of transactions in an MTF last in force on the version of 04/01/2011
- deleted Article 15 - Relations with third countries last in force on the version of 04/01/2011
Title II › Chapter II › Section 1
- deleted Article 16 - Regular review of conditions for initial authorisation last in force on the version of 04/01/2011
- deleted Article 17 - General obligation in respect of on-going supervision last in force on the version of 04/01/2011
- deleted Article 18 - Conflicts of interest last in force on the version of 04/01/2011
Title II › Chapter II › Section 2
- deleted Article 19 - Conduct of business obligations when providing investment services to clients last in force on the version of 04/01/2011
- deleted Article 20 - Provision of services through the medium of another investment firm last in force on the version of 04/01/2011
- deleted Article 21 - Obligation to execute orders on terms most favourable to the client last in force on the version of 04/01/2011
- deleted Article 22 - Client order handling rules last in force on the version of 04/01/2011
- deleted Article 23 - Obligations of investment firms when appointing tied agents last in force on the version of 04/01/2011
- deleted Article 24 - Transactions executed with eligible counterparties last in force on the version of 04/01/2011
Title II › Chapter II › Section 3
- deleted Article 25 - Obligation to uphold integrity of markets, report transactions and maintain records last in force on the version of 04/01/2011
- deleted Article 26 - Monitoring of compliance with the rules of the MTF and with other legal obligations last in force on the version of 04/01/2011
- deleted Article 27 - Obligation for investment firms to make public firm quotes last in force on the version of 04/01/2011
- deleted Article 28 - Post-trade disclosure by investment firms last in force on the version of 04/01/2011
- deleted Article 29 - Pre-trade transparency requirements for MTFs last in force on the version of 04/01/2011
- deleted Article 30 - Post-trade transparency requirements for MTFs last in force on the version of 04/01/2011
Title II › Chapter III
- deleted Article 31 - Freedom to provide investment services and activities last in force on the version of 04/01/2011
- deleted Article 32 - Establishment of a branch last in force on the version of 04/01/2011
- deleted Article 33 - Access to regulated markets last in force on the version of 04/01/2011
- deleted Article 34 - Access to central counterparty, clearing and settlement facilities and right to designate settlement system last in force on the version of 04/01/2011
- deleted Article 35 - Provisions regarding central counterparty, clearing and settlement arrangements in respect of MTFs last in force on the version of 04/01/2011
Title III
- deleted Article 36 - Authorisation and applicable law last in force on the version of 04/01/2011
- deleted Article 37 - Requirements for the management of the regulated market last in force on the version of 04/01/2011
- deleted Article 38 - Requirements relating to persons exercising significant influence over the management of the regulated market last in force on the version of 04/01/2011
- deleted Article 39 - Organisational requirements last in force on the version of 04/01/2011
- deleted Article 40 - Admission of financial instruments to trading last in force on the version of 04/01/2011
- deleted Article 41 - Suspension and removal of instruments from trading last in force on the version of 04/01/2011
- deleted Article 42 - Access to the regulated market last in force on the version of 04/01/2011
- deleted Article 43 - Monitoring of compliance with the rules of the regulated market and with other legal obligations last in force on the version of 04/01/2011
- deleted Article 44 - Pre-trade transparency requirements for regulated markets last in force on the version of 04/01/2011
- deleted Article 45 - Post-trade transparency requirements for regulated markets last in force on the version of 04/01/2011
- deleted Article 46 - Provisions regarding central counterparty and clearing and settlement arrangements last in force on the version of 04/01/2011
- deleted Article 47 - List of regulated markets last in force on the version of 04/01/2011
Title IV › Chapter I
- deleted Article 48 - Designation of competent authorities last in force on the version of 04/01/2011
- deleted Article 49 - Cooperation between authorities in the same Member State last in force on the version of 04/01/2011
- deleted Article 50 - Powers to be made available to competent authorities last in force on the version of 04/01/2011
- deleted Article 51 - Administrative sanctions last in force on the version of 04/01/2011
- deleted Article 52 - Right of appeal last in force on the version of 04/01/2011
- deleted Article 53 - Extra-judicial mechanism for investors' complaints last in force on the version of 04/01/2011
- deleted Article 54 - Professional secrecy last in force on the version of 04/01/2011
- deleted Article 55 - Relations with auditors last in force on the version of 04/01/2011
Title IV › Chapter II
- deleted Article 56 - Obligation to cooperate last in force on the version of 04/01/2011
- deleted Article 57 - Cooperation in supervisory activities, on-the-spot verifications or in investigations last in force on the version of 04/01/2011
- deleted Article 58 - Exchange of information last in force on the version of 04/01/2011
- deleted Article 58a - Binding mediation last in force on the version of 04/01/2011
- deleted Article 59 - Refusal to cooperate last in force on the version of 04/01/2011
- deleted Article 60 - Inter-authority consultation prior to authorisation last in force on the version of 04/01/2011
- deleted Article 61 - Powers for host Member States last in force on the version of 04/01/2011
- deleted Article 62 - Precautionary measures to be taken by host Member States last in force on the version of 04/01/2011
- deleted Article 62a - Cooperation and exchange of information with ESMA last in force on the version of 04/01/2011
Title IV › Chapter III
- deleted Article 63 - Exchange of information with third countries last in force on the version of 04/01/2011
Title V
- deleted Article 64 - Committee procedure last in force on the version of 04/01/2011
- deleted Article 64a - Sunset clause last in force on the version of 04/01/2011
- deleted Article 65 last in force on the version of 04/01/2011
- deleted Article 66 - Amendment of Directive 85/611/EEC last in force on the version of 04/01/2011
- deleted Article 67 - Amendment of Directive 93/6/EEC last in force on the version of 04/01/2011
- deleted Article 68 - Amendment of Directive 2000/12/EC last in force on the version of 04/01/2011
- deleted Article 69 last in force on the version of 04/01/2011
- deleted Article 70 - Transposition last in force on the version of 04/01/2011
- deleted Article 71 - Transitional provisions last in force on the version of 04/01/2011
- deleted Article 72 - Entry into force last in force on the version of 04/01/2011
- deleted Article 73 - Addressees last in force on the version of 04/01/2011